jja79 said:

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The participation of JPM Chase and Dimon in the Madhoff ponzi scheme supports your conclusion he's not an honorable man. I'm not sure how he's breathing free air and how the bank is still open.

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Not sure? Here's a clue….the government was/is in on it.

Logos Stick said:

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Looks like there are lots of young Indians/Asians that can buy those businesses since that's where we are headed demographically.

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The United States of India.

Sid Farkas said:

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So he could've had an uplifting narrative of aspiration, but decided instead to pile-on with the other nattering nabobs of negativism. Maybe next he'll go on Tucker's podcast, and they can open a vein together.

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Tucker can explain to him how all the world's problems are caused by Trump and Christianity. He knows islam and leftism will save the world.

Freedom and opportunity are going away?

Tucker is obsessed with an ordered Utopianism and it seems any ideological mechanism to achieve this will do.

Texasclipper said:

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Does anything PE touches actually get better for the product, consumer, or employees?

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Yes. Hilton Hotels almost collapsed. Sbarro and Birkenstock are similar. Jersey Mikes and Fogo de Chao and Rug Doctor are known to most of the country because of PE firms. I've worked with a few home services companies and some veterinary rollups that made things much more efficient and better for customers, employees, and workers. Plenty of other examples.

There are also plenty that failed after being bought by PE. The sellers still made a ton by selling for a price greater than the actual value.

MouthBQ98 said:

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Freedom and opportunity are going away?

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It breaks my heart to say this, but yes…slowly but surely. While it's not as bad as other places…yet…we've lost a tremendous amount of the freedoms and opportunities that created the most prosperous country on Earth. Starting and running a business has become a bureaucratic quagmire of complexity, stupid regulation, liability and an ever-growing plethora of taxes, fees, permits, licenses etc everywhere you turn. Something like 1/3 of workers require a license to perform their jobs. It's become so absurd that harmless things like hair braiding, florists, and interior designers need a license. You have to get permission to use your own property. And increasingly they will just tell you no.

If you do decide to climb the mountain, the government rewards you by taking half or more of what you earn and then spend it all on things that don't benefit you. At the same time, the government is destroying our currency at an accelerating rate so you can't just focus on earning and saving.

So I guess I'll say that yes, there's still freedom and opportunity for now…but that has been chipped away at for decades. As government grows and grows injecting itself into every aspect of our society, those freedoms and opportunities decline. And all the signs point towards this trend continuing.

Every society degrades with time when the builders reduce and the takers increase. The system needs a drastic reset and there will be some pain.

It is just like when I used to write code. The first version, the code would be pristine.Then I'd get requests for updates until it got to a point where the code was a mess "spaghetti code". Hard to maintain, and a nightmare. Better to start afresh. I have done it in real life when starting anew is easier than fixing old crap. The US is in that state.

Pinochet said:

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Texasclipper said:

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Does anything PE touches actually get better for the product, consumer, or employees?

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Yes. Hilton Hotels almost collapsed. Sbarro and Birkenstock are similar. Jersey Mikes and Fogo de Chao and Rug Doctor are known to most of the country because of PE firms. I've worked with a few home services companies and some veterinary rollups that made things much more efficient and better for customers, employees, and workers. Plenty of other examples.

There are also plenty that failed after being bought by PE. The sellers still made a ton by selling for a price greater than the actual value.

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My favorite New York pizza place whenever I visit!

infinity ag said:

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Every society degrades with time when the builders reduce and the takers increase. The system needs a drastic reset and there will be some pain.

It is just like when I used to write code. The first version, the code would be pristine.Then I'd get requests for updates until it got to a point where the code was a mess "spaghetti code". Hard to maintain, and a nightmare. Better to start afresh. I have done it in real life when starting anew is easier than fixing old crap. The US is in that state.

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Excellent analogy and I couldn't agree more. The comparison I like to use is similar. Our govt is like an old buggy computer that has been run for years without ever cleaning it up. You've downloaded every program, clicked every sketchy link, watched tons of pron, and have 50 tabs open. That fast computer is now slow as hell and barely functions. When it's this bad your only options are to save your most important files and reset to factory settings or buy a new computer.

In the case of our govt, the important files would be freedom of speech, individual liberty, property rights, sound money, 2nd amendment, states rights, and a severely limited federal government. Then of course, as you point out, I'm not sure it's possible to keep it running lean like that as those in power will always push to add features and programs ultimately leading us right back to the same problem. I guess that's just the cycle of prosperity and decline. It just sucks that we have to wait for the decline to be severe before we can correct course.

That's interesting. I didn't know he was involved in that (though not surprised).

The same thing happened to Japan the last 30 years. 100 year old people running 1 person restaurant shops. Nobody to hand it off to. And not enough money to retire.

ToddyHill said:

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That's interesting. I didn't know he was involved in that (though not surprised).

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Every dollar of the Madhoff ponzi scheme went through a single demand account at Chase. Not a single SARS report was filed.

BboroAg said:

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jja79 said:

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The participation of JPM Chase and Dimon in the Madhoff ponzi scheme supports your conclusion he's not an honorable man. I'm not sure how he's breathing free air and how the bank is still open.

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Not sure? Here's a clue….the government was/is in on it.

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Hate to derail but can you elaborate? I learned about it in college and one of my professors kept up with it. Would appreciate hearing more. Thanks.

javajaws said:

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Logos Stick said:

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Looks like there are lots of young Indians/Asians that can buy those businesses since that's where we are headed demographically.

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For sure more immigrant ownership, but also more PE ownership. PE will continue (and expand) their trend of buying up small independent businesses and then running them into the ground after they've made back their money. It's a rinse and repeat process for them.

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There is an implicit assumption that the market will support "corporate" owner. In my world, already see people asking "is your business private or corporate". (Corporate is the word used for any sort of conglomeration be it PE, publicly traded, or just large, multiplication groups). Additionally, young professionals are actively seeking to work at non-corporate practices. So the corporate practices either have to money whip or can be left with lower quality candidates.

I see the market choosing private ownership. I actually think in my industry, there will be a large sea change in the next decade away from large ownership groups back to smaller more closely held.

VP at Pierce and Pierce said:

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BboroAg said:

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jja79 said:

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The participation of JPM Chase and Dimon in the Madhoff ponzi scheme supports your conclusion he's not an honorable man. I'm not sure how he's breathing free air and how the bank is still open.

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Not sure? Here's a clue….the government was/is in on it.

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Hate to derail but can you elaborate? I learned about it in college and one of my professors kept up with it. Would appreciate hearing more. Thanks.

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The book is called "JPMadoff : the unholy alliance between America's biggest bank and America's biggest crook"

The summary is "Bernie Madoff committed the biggest financial crime in history, stealing $64.8 billion from tens of thousands of innocent people. But to carry out criminal activity on this scale, he needed a major bank to service his needs and conceal his criminal activities. The corrupt bankers at JPMorgan Chase decided to enrich themselves at the expense of innocent customers. They looked the other way for years, while having free use of Madoff's multi-billion-dollar deposit balances".

The contents of the book -

• The deferred prosecution of JPMorgan Chase : the whitewash of the century -- What the folks at JPMorgan Chase knew and when they knew it -- All in the family -- The differences between the Gambino Crime Family and JPMorgan Chase -- The case for prosecuting officers of JPMorgan Chase under RICO -- When Jamie Dimon screws up, he does a whale of a job -- Hallelujah : Jamie Dimon's been born again, or has he? -- JPMorgan Chase whistleblowers since 2008 -- A road map for reform.

reineraggie09 said:

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javajaws said:

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Logos Stick said:

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Looks like there are lots of young Indians/Asians that can buy those businesses since that's where we are headed demographically.

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For sure more immigrant ownership, but also more PE ownership. PE will continue (and expand) their trend of buying up small independent businesses and then running them into the ground after they've made back their money. It's a rinse and repeat process for them.

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There is an implicit assumption that the market will support "corporate" owner. In my world, already see people asking "is your business private or corporate". (Corporate is the word used for any sort of conglomeration be it PE, publicly traded, or just large, multiplication groups). Additionally, young professionals are actively seeking to work at non-corporate practices. So the corporate practices either have to money whip or can be left with lower quality candidates.

I see the market choosing private ownership. I actually think in my industry, there will be a large sea change in the next decade away from large ownership groups back to smaller more closely held.

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Totally agree, and I think its a good thing. This country's strength is small business.

I don't see selling out to PE either as being bad necessarily - these private business owners deserve to cash in at the end of the day sometime.

The fact that PE fails more often than not to keep these businesses operating forever just opens the door for new small private businesses to replace them.

Dimon not being in prison for about 500 years tells you all you need to know about corruption and double standards. You nailed it. Madhoff couldn't have pulled this off without active participation by JPM Chase.

This sleazebag CEO is more concerned about India than the US.

It never changes. I blamed my father's generation (the greatest) for all of my problems.
I was so wrong.

I think he's just stating what is probably a fairly captain obvious opinion about India.

jja79 said:

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Dimon not being in prison for about 500 years tells you all you need to know about corruption and double standards. You nailed it. Madhoff couldn't have pulled this off without active participation by JPM Chase.

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Don't forget about Epstein...

JPMorgan kept Jeffrey Epstein as client despite sex trafficking: report

Quote:

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JPMorgan Chase reportedly processed more than $1 billion for Jeffrey Epstein over 15 years, a new investigation says even as the registered sex offender pulled tens of thousands in cash each month and internal watchdogs flagged the activity as suspicious.

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Yep. They were all in on that too.

doubledog said:

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It never changes. I blamed my father's generation (the greatest) for all of my problems.
I was so wrong.

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Let me know what good stuff from Afghanistan you are smoking these days...

Sid Farkas said:

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jja79 said:

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Dimon not being in prison for about 500 years tells you all you need to know about corruption and double standards. You nailed it. Madhoff couldn't have pulled this off without active participation by JPM Chase.

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Don't forget about Epstein...

JPMorgan kept Jeffrey Epstein as client despite sex trafficking: report

Quote:

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JPMorgan Chase reportedly processed more than $1 billion for Jeffrey Epstein over 15 years, a new investigation says even as the registered sex offender pulled tens of thousands in cash each month and internal watchdogs flagged the activity as suspicious.

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They kept Epstein, but kicked out Trump after he lost the Presidency.

Why isn't Dimon in jail??

He's legitimately the worst criminal in America. How is the bank still open?

CEOs are no longer treated like divinity. Good.
Put these fraud criminals into prison.

These horrible CEOs give our personal financial data to Indians known for fraud and scamming. You don't hate them enough. https://t.co/LTLIXQpDtB

— Casey (@pcasey0430) September 22, 2026

Forget the owning a home, the dream will be defined by can i get a health policy that wont bankrupt me.

Who?

Helicopter Ben said:

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MouthBQ98 said:

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Freedom and opportunity are going away?

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It breaks my heart to say this, but yes…slowly but surely. While it's not as bad as other places…yet…we've lost a tremendous amount of the freedoms and opportunities that created the most prosperous country on Earth. Starting and running a business has become a bureaucratic quagmire of complexity, stupid regulation, liability and an ever-growing plethora of taxes, fees, permits, licenses etc everywhere you turn. Something like 1/3 of workers require a license to perform their jobs. It's become so absurd that harmless things like hair braiding, florists, and interior designers need a license. You have to get permission to use your own property. And increasingly they will just tell you no.

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And we've created a two-tier system where immigrants get special considerations, special financing, etc., etc.

And they can avoid many of the regulations that Americans have to follow.

The examples are too numerous to list. Trucking. Food service. Retail. Health care. And they get a free pass because of liberalism.

Saw a photo of a street in LA. The sidewalks in front of restaurants were littered with unlicensed immigrant food vendors, while of course the restaurants have to comply with California's onerous regulations and pay large taxes. That sums up America in 2026.

Burpelson said:

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Forget the owning a home, the dream will be defined by can i get a health policy that wont bankrupt me.

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I heard the other day that people shouldn't be afraid of AI taking their jobs, it's the rising cost of healthcare

Medical tourism is going to do very well in the coming years. We have saved thousands this way.

Mexico? I've done my dental work there

EclipseAg said:

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Helicopter Ben said:

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MouthBQ98 said:

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Freedom and opportunity are going away?

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It breaks my heart to say this, but yes…slowly but surely. While it's not as bad as other places…yet…we've lost a tremendous amount of the freedoms and opportunities that created the most prosperous country on Earth. Starting and running a business has become a bureaucratic quagmire of complexity, stupid regulation, liability and an ever-growing plethora of taxes, fees, permits, licenses etc everywhere you turn. Something like 1/3 of workers require a license to perform their jobs. It's become so absurd that harmless things like hair braiding, florists, and interior designers need a license. You have to get permission to use your own property. And increasingly they will just tell you no.

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And we've created a two-tier system where immigrants get special considerations, special financing, etc., etc.

And they can avoid many of the regulations that Americans have to follow.

The examples are too numerous to list. Trucking. Food service. Retail. Health care. And they get a free pass because of liberalism.

Saw a photo of a street in LA. The sidewalks in front of restaurants were littered with unlicensed immigrant food vendors, while of course the restaurants have to comply with California's onerous regulations and pay large taxes. That sums up America in 2026.

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I get pissed when they also can just pack up and leave.

Steve: Lives beyond his means, buys fancy car and house. Loses job, his car is repo'ed and he is evicted and is homeless.

Rajesh: Lives beyond his means, buys fancy car and house. Loses job, drives car to airport with keys in them. Abandons house. Flies back to India. No liability other than not being able to come back.

Steve is screwed. Rajesh starts a new life in Google, Bangalore.

To further my point ...

Anyone worried about the loss of the American dream only has to look at how immigrants are treated vs. citizens.

EXCLUSIVE: California has created a shadow welfare system for illegal aliens. Free housing, cash, healthcare, food, phones, college tuition, even car insurance—costing taxpayers more than $10 billion per year.

We went inside the system and exposed it all. pic.twitter.com/oJh0mpstzN

— Christopher Rufo (@christopherrufo) September 23, 2026

https://www.city-journal.org/article/california-illegal-immigrants-shadow-welfare